2 months on rocket

7051 Joy Rd, Detroit, MI, 48204

$220,000

Home List Price

$2,613*

Closing Credit

4 Full Baths
3,762 SqFt
$58/SqFt
Multi

Location

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7051 Joy Rd, Detroit$220,000

Buyer Closing Credits

$2,613*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingParkingLot
Year Built1923
HeatingForced Air, Natural Gas
BasementYes
MLS #20240067038
Lot Size0.11 Acres
StatusActive

About 7051 Joy Rd

This is a great opportunity to own a fully rented multi unit rental property in the city of Detroit. The tenants are all month to month leases, and all of them have been long-term, which is why the rents are so low. The building is in good condition with no known needed repairs. all four units have two bedrooms and one bathroom each. there is the laundry room in the basement. All furnaces and hot water tanks are fairly new. The lot next-door also goes with the building. This building is close to all major freeways and only minutes from downtown. There is a $495 admin fee charged to all buyers at closing payable to Rockefeller’s Realty. No showings will be allowed until an offer is accepted. Please do not approach the tenets.

Property Details

Property Features

Property Information:

  • Architectural Style: Quadruplex
  • Year Built: 1923
  • Living Area: 3,762 SqFt

Listing Office:

  • Office Name: Rockefeller Realty
  • Office Phone: (313) 433-0544
  • Listing Agent: Clifford Rockefeller

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 4

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: ParkingLot

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: On Joy Rd. W. Of Livernois

Price Information

Listing Price Info

Price Summary:

  • List Price: $220,000
  • Price Per SqFt: $58/SqFt

Tax Information:

  • Annual Amount: $457
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Detroit, MI.

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Detroit, MI

City

Med. Sold Price

$85K

Med. Price/SqFt

$67

Avg. Days On Market

49

# of Sold Homes

396

7051 Joy Rd vs Detroit

88 DAYS ON ROCKET

+39 Days

$220,000

+$134.9K More

$58/SqFt

-$10 Less

KEY TAKEAWAY

This property is $134.9K more than the Median Sold Price and $10/SqFt less than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240067038

Listing Office:

  • Office Name: Rockefeller Realty
  • Office Phone: (313) 433-0544
  • Listing Agent: Clifford Rockefeller

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/4/2024, 2:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$457$17,900
2020$909$16,600
2018$909$19,600
2017$906$11,000

History based on county public records data.

Payment Calculator

$1,166

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$726

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3936234
2
/10

  • Barton Elementary School

  • 8530 Joy Rd

  • 0.69 miles

  • Public District Grades KG-5

school-card-donut-3936235
5
/10

  • McDonald Elementary School

  • 10151 Diversey St

  • 1.23 miles

  • Public District Grades PK-5

school-card-donut-3936236
2
/10

  • Riverside Academy

  • 7124 Miller Rd

  • 1.72 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,130. The majority of Detroit, MI residents have income less than $35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48204›7051 Joy Rd

This home is located at 7051 Joy Rd in Detroit, MI and zip code 48204 in the Tireman neighborhood. This 3,762 square foot home, which was built in 1923, sits on a 0.11 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since September 07, 2024 and is currently priced at $220,000.

In November 2024, from all listings sold in Detroit, MI there were more than 94 sold above asking price, over 247 sold below and more than 55 were sold right at the asked price. The number of homes for sale in Detroit, MI increased by 2% between October 2024 and November 2024. The median list price of listings available in November 2024 was $85,016, while the average time on the real estate market was 49 days.

From Rocket Homes Real Estate and based on county public records data.

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